ANNOUNCED AS TEMPORARYYes
Tax or social insurance relief
Effective 24 November 2010, the Board of Investment of Thailand introduced new investment incentives to upgrade production machinery. The stated purpose of these incentives is to counter the effects of a strengthening Baht.
Participating corporations are exempted from income taxes on the revenues of existing projects up to an amount equivalent to 70 % of the machinery investment undertaken using this scheme. This investment cost shall exclude the cost of land and working capital. Furthermore, the credit may last no longer than 3 years after the start of the participation.
Interested companies may apply for these incentives until 31 December 2011. Successful applicants must finish projects within three years after their approval.
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